$SPX Tomorrow’s Trading range Oct 1st 2024SP:SPX Tomorrow’s Trading range Oct 1st 2024 Alright, y’all… support is at 5700 and resistance is at ATH’s at 5767.37, the 35EMA is underneath us and we have an implied move of .66% Awwww yeah... by SPYder_QQQueen_TradingPublished 2
Don’t be misled by the initial NFP reactionAll the attention is on the upcoming release of US jobs report, which is critical for the Fed’s outlook on interest rate rates. But with so much going on with regards to the Middle East and oil prices, and given the weekend risk, the initial NFP-related market reaction may not hold into the close, especially if the data turns out to a bit weaker than expected. NFP expectations: What to look out for As we look towards the upcoming nonfarm payrolls report, expectations are that the US economy has added around 147,000 jobs in September, a slight improvement from the 142,000 we saw in the previous month. Nothing earth-shattering here but do watch out for revisions for the prior months. The unemployment rate is projected to stay steady at 4.2%, while Average Hourly Earnings are expected to rise by 3.8% y/y for the second month in a row with a projected month-over-month reading of +0.3%. If these numbers hold, it’s a sign that the labour market remains surprisingly resilient, and that might just embolden the Fed to keep its foot on the brake when it comes to deciding the size of their interest rate cuts. After all, the Fed has made it clear: if the economy stays strong and inflation doesn’t cool down, they’re going to ease off on loosening monetary policy slowly. How will the US dollar, gold and indices react? A solid jobs report could trigger a bullish reaction for the US dollar, especially if it takes some of the wind out of the sails for those hoping for another 50-basis-point rate cut at the Fed’s next meeting. The logic is simple: a healthy labour market reduces the need for aggressive rate cuts, making the dollar more attractive to traders. On the other hand, if the NFP report disappoints, then this could trigger a potential recovery in pairs such as EUR/USD, and give gold another boost. Once the NFP dust settles, the focus will return to geopolitics and the situation in the Middle East. With the markets obviously closed during the weekend, oil, index futures and the dollar pairs could all create a gap at the Asian open Monday should something big happen between Israel and Iran on Saturday or Sunday. Given this risk, we could see the dollar finding renewed support later, even if NFP misses slightly. By the same token, indices may be unable to hold onto much of their potential NFP-related gains. By Fawad Razaqzada, market analyst at FOREX.com by FOREXcomPublished 1
WHAT'S NEXT FOR THE STOCK MARKET? (September 29, 2024)A deep dive analysis on the S&P 500, looking back at over 60+ years of price action and data... to put together a comprehensive picture of the many different scenarios that could unfold in the stock market in the coming years and decades. I know this is a very different type of video, but I hope it gives you a decent level of value!19:59by JonaliusPublished 1
A Fascinating Cycle in the S&P 500's ($SPX) Century-Long JourneyExplore this intriguing pattern in the S&P 500's performance over the past century, as highlighted by analyst Jay Kaeppel at Sentimentrader: - The Mid-Decade Boost: Remarkably, the 18-month period starting from October of a '4' ending year to March of a '6' ending year has consistently seen positive growth in the equity markets for the last ten decades - Visual Evidence: The accompanying chart illustrates the S&P 500's SP:SPX performance over the last 100 years, specifically highlighting the gains from October of years ending in 4 to March of years ending in 6 - Historical Success: We're on the cusp of this period once again. Historically, this timeframe has been lucrative, with the 1930s showing an impressive 64% return, while the 2010s saw a more modest, yet positive, return of about 4.5%. On average, returns of 35.8% were achieved during this periods - Cautionary Notes: While history provides a pattern, it's not a definitive predictor. Major fluctuations can and do occur Moreover, Jay points out that the current Shiller PE ratio stands high at 36.83 this October, potentially capping the upside when compared to starting points past decades in October of years ending in 4 -> Your Thoughts? Given this historical trend, do you believe that the trend in this decade will be positive again in the next 18 months, or do you believe that the current economic indicators make the patterns of the past irrelevant?by OfficerDonutPublished 3
S&P 500 SELL ANALYSIS RISING WEDGE PATTERNHere on S&P 500 price form rising wedge pattern and is likely to sell if line 5728.10 break so go for SHORT and targeting profit should be around 5687.80 . Use money management Shortby FrankFx14Published 2
$SPX Analysis, Key Levels & Targets for Day Traders for Sept 26 No video again tonight but here is the trading range. Implied move is between 5685 - 5760 on the day. I’m looking to 5760/5670 spreads as of right now If we open up and it looks like we will based on futures. 35EMA has been holding us up since FOMC and it’s right in the middle today. GL, y’all… I’ll keep you up to date on the wifi situation and hopefully videos will resume soon. by SPYder_QQQueen_TradingPublished 111
$SPX Analysis, Key Levels & Targets for Day Traders Sept 25 Ok, so I can’t make a video tonight :( My Wifi is down in my neighborhood because they are putting new lines in, and to make matters worse there’s a hurricane coming this way so it won’t likely be fixed until it passes so I can only do as much work as my hotspot will allow Easy Trading Range here today, much easier than QQQ, lol, that one is a mess… but here we have an easy one… the implied move for tomorrow is between 568 to 574 and the only two levels in tomorrow’s implied move are ATH’s at 572.88 and the 35EMA, which is a clear support since after FOMC… Personally looking at 5765/5775 bear call spreads OR 5700/5690 bull put spreads depending on how we move tomorrow GL, y’all… I’ll keep you up to date on the wifi situationby SPYder_QQQueen_TradingPublished 114
Spx scalping startetgyUsing indictor levels to scalp. Using bands with stochastic to see overbought oversold zones. Ema crossing for short term scalpsby Grp_crowPublished 114
SPX: positive but mixedThe market was highly anticipating the Fed's rate cut during their September FOMC meeting, but the 50 bps cut came as a sort of surprise. This is why the US equity markets were traded generally positive for the week, however, in a slightly mixed manner, like without a final conclusion whether the 50 bps was a good or bad move from the Fed. The S&P 500 started the week around the level of 5.610, and reached 5.727 at Thursday trading session, however, ending the week at the level of 5.702. The index posted a weekly gain of 1,36%. The high rate cut was perceived positively by investors. They perceive that a lower interest rate environment will be supportive for businesses. Tech companies were the ones to gain, but also other industries. Analysts are now adjusting forecasts in terms of expectations that the S&P 500 companies will expand their earnings by 4,6% in the Q3. by XBTFXPublished 12
SPX- Election SurpriseIf you follow us you know that we think SPX and markets in general are heading towards a generational top And based the last months price action we think we know almost exactly when that top will complete: NOVEMBER 2024 Prediction: It does not matter who wins the election..the market will begin to crash MARK OUR WORDSShortby Heartbeat_TradingPublished 7767
S&P500 ForecastingS&P 500 Forecasting: A Complex Task Forecasting the S&P 500 index is a challenging endeavor due to the multitude of factors that influence its movement. These include economic indicators, corporate earnings, geopolitical events, investor sentiment, and market psychology. Key Factors to Consider: Economic Indicators: GDP Growth: A strong economy generally supports stock prices. Interest Rates: Rising interest rates can put downward pressure on stock prices, while falling rates can boost them. Inflation: High inflation can erode corporate profits and investor confidence. Corporate Earnings: Profit Growth: Strong corporate earnings are often a positive sign for the stock market. Earnings Expectations: The market's expectations for future earnings can influence stock prices. Geopolitical Events: Global Conflicts: Political instability or geopolitical tensions can create uncertainty and impact market sentiment. Trade Wars: Trade disputes or tariffs can disrupt global supply chains and affect corporate profits. Investor Sentiment: Risk Appetite: Market sentiment can shift rapidly, influenced by factors like economic data, geopolitical events, and market psychology. Fear and Greed Index: This indicator can provide insights into investor emotions. Forecasting Methods: Fundamental Analysis: This involves analyzing economic indicators, corporate earnings, and geopolitical events to assess the underlying value of the S&P 500. Technical Analysis: This method uses historical price data and charts to identify patterns and trends that may predict future price movements. Quantitative Analysis: This approach employs statistical models and algorithms to analyze large datasets and identify correlations between variables that may influence the S&P 500. It's important to note that no forecasting method is foolproof. Stock markets are highly volatile, and unexpected events can significantly impact the S&P 500. A combination of fundamental, technical, and quantitative analysis can provide a more comprehensive understanding of market dynamics. Would you like to explore any of these factors or methods in more detail? I can also provide information on specific forecasting tools or resources.by ITManager_USPublished 4
China euphoria and further cut expectationsFundamentals SPX - China stimulus news - Risk: Seasonality USD - Strong dovish remarks from Golsbee Technical & Other Setup: TC(B) Setup timeframe: 4h Trigger: 1h Medium-term: Up Long-term: Range Min target: 3R, Fib ext. level Risk: 0.5% Risk (R): 0.5RLongby Cherry94Updated 1
Bullish Stocks, But Watch Pullbacks and Gaps On SP500The stock market has been very bullish over the last two weeks, with strong gains this week following China's policy actions to support their economy. This has had a positive impact on stocks globally, and it’s no surprise to see the S&P 500 trading higher. Looking at the December futures contract, from an Elliott Wave perspective, we can clearly see a five-wave movement up from the September 9th low. While this bullish momentum continues, it’s important to be cautious as we may be nearing potential resistance in this fifth wave, around the 5,820 to 5,880 area. I think that pullbacks could occur in the next few days, especially if USD stays up with yields. If we do see a correction, the key levels to watch would be the previous swing supports, with the first at 5,754 followed by 5,674. These levels also correspond to regions of open gaps on the cash market, and typically when such gaps are filled, the market can resume its primary trend, which is up. So, if an ABC drop occurs into one of these gaps, it could present an opportunity to rejoin the uptrend in the stock market.by ew-forecastPublished 4
SPX500 Resistance Ahead!SPX500 keep growing in An uptrend but the index Will soon hit a horizontal Resistance of 5645.15 and After the retest we will Be expecting a local Bearish reaction!Shortby kacim_elloittUpdated 17
S&P 500 channelGonna use this channel to find good short entry points. The correction will be confirmed when the price breaks out of it in the downward direction.Shortby SupergalacticPublished 553
sp500SP500 is currently in an ascending channel and there are currently two scenarios. Scenario 1 can fall to the lower support of the channel with the reaction it receives from the media and rise from there. Scenario 2 can directly break the median and rise to the upper resistance of the channel. Which do you think will happen?by foxforex3Published 112
S&P 500, More Gains Coming... S&P 500 Closes at Record Highs The S&P 500 index closed at all-time highs on Monday as markets assessed comments from three Federal Reserve officials regarding the central bank's recent monetary policy decisions. Technically: The S&P 500 has reached the bullish target we previously identified, Now The bullish trend will continue towards another ATH, provided the price remains above 5731 and 5708. However, a bearish trend will be confirmed if the price breaks below 5675. Key Levels: Pivot Line: 5730 - 5708 Resistance Levels: 5784, 5805, 5890 Support Levels: 5675, 5643, 5621 Trend Outlook: Bullish Trend: Above 5730 and 5708 previous idea: Longby SroshMayiUpdated 7
S&P 500 INDEX / Another ATH, WITH CORRECTIONS&P 500 Closes at Record Highs The S&P 500 closed at all-time highs, as we mentioned previously, Technically: The price will be consolidating between 5784 and 5732 till breaking, The bullish trend will continue towards another ATH at 5890 by breaking of 5784, However, a bearish trend will be confirmed if the price breaks below 5732 to get 5675. Key Levels: Pivot Line: 5784 Resistance Levels: 5805, 5890 Support Levels: 5732, 5675, 5643 Trend Outlook: Bearish Correction till 5732 Bullish above 5784 previous idea: Longby SroshMayiPublished 7
Major Top Forming on SPXHello Everyone, a simple analysis of the RSI and current price action appear eerily similar to the 2022 peak. During the 2022 top we had financial experts and the media claiming victory stating that this bull market will continue, however we crashed soon after. Now the SPX is currently forming a topping process, this could be done or we could go a little higher before the bear market continues. It's clear that the SPX is making new highs while NDX and IWM fail to make a new high suggesting that this is the top. If this economy is doing so good, then why does the FED need to cut interest rates? The fed is cutting interest rates because we are either in a recession or we are very close to one. There is no such thing as a soft landing. The truth is we may already be in a recession and it wouldn't be declared until we are deep into one. If anything we are no longer going into a recession, we are going into a depression. Do not get lulled into a false sense of security like many others during the 2000 and 2008 top.Shortby justaturboman44Published 3
S&P500: Aiming at 6,000 before the elections.The S&P500 index is on a very healthy bullish technical 1D outlook (RSI = 64.688, MACD = 69.140, ADX = 44.589) which indicates that the rebound that started on the September 6th low should be extended. The volatility on the 4H RSI indicates that as long as the 4H MA200 supports, we will see a rally similar to June's and in fact we should symmetrically be on a same level as the June 14th consolidation. We are aiming for the -0.618 Fibonacci extension like June's rally (TP = 6,000) before the U.S. elections. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScopePublished 5
SPX500Pair : SPX500 Index Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Rising Wedge as an Corrective Pattern in Short Time Frame Resistance Levelby ForexDetectivePublished 2
6 SPIRALS WEEK of 10/10 to 1017 MAJOR TURNThe chart posted is that of the SP 500 cash I have now placed the next set of gold ratio spirals ! LOOK to a Major Event and a Turn . I did want everyone to take a good look at July 11 to oct 10 2007 For a REASON best of trades WAVETIMER by wavetimerPublished 333
Where will markets trend next? Planetary patterns give us clues!Solar Eclipses are major 6-month pivot points. The next one is on October 2, 2024. Invest By Cycles decodes planetary patterns and astrological cycles as an investing enhancement tool to complement classic fundamental and technical analysis.by investbycyclesPublished 112